FXCM Implements New Index Trading Backend Technology
- 26.10.2015 00:00 am
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that is has upgraded its Index CFD and Spread Bet market making technology which enhances its index trading offering.
FXCM has implemented a new high frequency market making technology on its backend system for indices. As a result FXCM will be able to manage index order flow and positions, prices and risk with greater accuracy and more efficiently. As an example FXCM will have the option to take those clients who scalp aggressively, trade news events and use automated strategies and instantaneously hedge these positions with the futures market.
Advantages to FXCM clients include:
• No Stop and Limit Trading Restrictions on Most Indices: Place stops, limits and entry orders without any minimum distance restrictions.
• Lower Spreads: Lower spreads on popular indexes like the US30 at 2 pips.
• No Re-quotes: Trade index CFD and Spread Bets with fast and efficient trade execution without expensive re-quotes.
"The new offering provides all traders, especially scalpers and news traders, with their ideal trading environment for indices," said Drew Niv, CEO of FXCM. "This will provide the most unique Index trading offering in the industry and immediately benefit clients."
Trading Indexes offers access to a range of markets where clients can diversify their trading strategies across uncorrelated instruments to currencies as well as taking advantage of global market opportunities. Popular Stock Indices include GER30, US30, AUS200 and US30.
To open a CFD or Spread Bet practice account today click here: Open a Demo Account Today
Disclosure Regarding Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and/or the Private Securities Litigation Reform Act of 1995, which reflect FXCM's current views with respect to, among other things, its operations and financial performance in the future, and the potential impact to FXCM of the cybersecurity incident described in this press release. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about FXCM's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with the events that took place in the currency markets on January 15, 2015 and their impact on FXCM's capital structure, risks associated with FXCM's ability to recover all or a portion of any capital losses, risks relating to the ability of FXCM to satisfy the terms and conditions of or make payments pursuant to the terms of the credit agreement with Leucadia, risks related to FXCM's dependence on FX market makers, market conditions, risks associated with the outcome of any potential litigation or regulatory inquiries to which FXCM may become subject as a result of this cybersecurity incident, risks associated with potential reputational damage to FXCM resulting from this cybersecurity incident, the outcome of FXCM's ongoing investigation (including FXCM's potential discovery of additional information relating to this cybersecurity incident) and the extent of remediation costs and other additional expenses that may be incurred by FXCM as a result of this security incident, and those other risks described under "Risk Factors" in FXCM Inc.'s Annual Report on Form 10-K and other reports or documents FXCM files with, or furnishes to, the SEC from time to time, which are accessible on the SEC website at sec.gov. This information should also be read in conjunction with FXCM's Consolidated Financial Statements and the Notes thereto contained in FXCM's Annual Report on Form 10-K, and in other reports or documents the FXCM files with, or furnishes to, the SEC from time to time, which are accessible on the SEC website at sec.gov.